SUSTAINABLE FINANCE SENIOR ASSOCIATE
INTRODUCTION
The Global Green Growth Institute (GGGI) is an intergovernmental organization founded to support and promote a model of economic growth known as green growth, which targets key aspects of economic performance such a poverty reduction, job creation, social inclusion, and environmental sustainability. GGGI works with countries around the world, building their capacity and working collaboratively on green growth policies that can impact the lives of millions. The organization partners with countries, multilateral institutions, government bodies, and the private sector to help build strong economies that are more efficient and sustainable in the use of natural resources, less carbon intensive, and more resilient to climate change. GGGI supports stakeholders through complementary and integrated workstreams that deliver comprehensive products designed to assist in developing, financing, and mainstreaming green growth in national economic development plans.
Duty Station: Castries, Saint Lucia
Grade: X7
Start date: April 01, 2024
End date: March 31, 2027
CONTEXT
Saint Lucia faces significant barriers in its transition to a low-carbon, resilient economy. This is primarily due to limited institutional capacity to incorporate environmental, social, and climate considerations into financial planning and the local financial institutions' inability to mitigate climate risks effectively. This challenge is further exacerbated by the difficulty in accessing international climate finance, affecting both governmental and private-sector endeavors to mitigate climate change impacts. To help address this challenge, GGGI will lead a Green Climate Fund (GCF) funded readiness support program to enhance Saint Lucia’s access to the GCF, develop sustainable finance instruments, and mobilize climate finance from both public, private, and international financiers. The Readiness support program aims to contribute to accelerated access to national and international climate finance through private sector participation and investments in climate change mitigation and adaptation, enhanced strategic frameworks, pipeline development, and enhanced capacity and knowledge of private and public sector actors.
POSITION SUMMARY
Based in Castries, the Sustainable Finance Senior Associate, in collaboration with the GGGI project team led by the Climate Finance Senior Officer, will deliver necessary support to the Government of Saint Lucia and the private sector by providing technical knowledge and building capacity to address the challenge of limited local institutional capacity and instruments to: (i) integrate environmental, social and climate change considerations into financial planning, and public and private debt instruments; (ii) screen, categorize, and mitigate climate risk, and finance sustainable development; and (iii) access international climate finance. Additional support will be provided to ensure all interventions are gender responsive and responsible. Ideally, the Sustainable Finance Senior Associate will have experience working in the banking or local financial sector.
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